Expro, a Houston-headquartered energy services provider, signed a contract with Apache Corp. worth $50 million on Apache's Beryl and Forties assets, according to a press statement released Dec. 1.
"Expro have worked with Apache for two decades. We are committed to providing safe, efficient, and environmentally responsible services," Expro regional vice president of Europe and Sub-Saharan Africa Colin Mackenzie said in the statement. "We look forward to adding further value to Apache with the introduction of our latest well intervention technologies."
Through a fully integrated well intervention and integrity services contract, Expro will provide slickline, e-line, cased hole and pressure pumping services, as well as technology innovations including Octopoda, CoilHose and Distributed Fiber Optic Sensing Slickline. The project is expected to begin in fourth-quarter 2022.
The contract will enable Expro to optimize Apache's operations at its Beryl Alpha and Bravo and Forties Alpha, Bravo, Charlie, Delta and Echo assets, along with other Apache North Sea assets.
Additionally, Expro will commit to a long-term future on the U.K. continental shelf through the investment of "significant" capital in new technology and equipment. The contract between the two companies has a primary term of the three years, with two one-year extension opportunities.
"We are delighted to receive this award, which demonstrates the continuation of our longstanding relationship with Apache and long-term investment in the U.K. sector of the North Sea," Mackenzie added. "The full scope of services for this campaign will be supported from Expro’s regional headquarters in Aberdeen."
Recommended Reading
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.